A money order account is just the money order itself. The money order is like a check, but isn't linked to an account because it is prepaid. The purchaser funds the money order when buying it at a grocery store or other retailer. Many people use money orders to pay rent, car payments, credit card bills and other obligations. Money orders may have a maximum value, such as $500. However, a person can obtain as many money orders as necessary. Retailers set their own prices for money orders, but generally they are less expensive than cashier's checks from banks or credit unions.
Instructions
- 1
Fill out the check immediately after purchasing and separate the receipt information. The receipt is usually a tear-off stub. Filling out the check gives you some protection if you lose it. A person finding it could not cash it or use it to pay someone. Keep the receipt for tracking purposes.
2Write the name of the person or company you wish to pay on the front of the money order next to "Pay to the order of."
3Enter your name on the front of the money order in the space next to "sender." Also use this space to list an account number if paying a bill or making a deposit.
4Write your address in the field next to "purchaser's address."
5Sign the check in the field next to "purchaser's signature."
0 comments:
Post a Comment